Key Highlights

  • Betashares Cloud Computing ETF (ASX:CLDD) held a fund size of $48.15 million across 38 underlying companies.
  • Technology represents 90.93 per cent of the sector allocation, matching the category average exactly.
  • Datadog is the top holding at 7.12 per cent, ahead of Snowflake and DigitalOcean Holdings.
  • The fund's most recent recorded distribution relates to July 2022, with no distribution shown in more recent periods.

Betashares Cloud Computing ETF (ASX:CLDD) is an ASX-listed fund that tracks the Indxx Global Cloud Computing NTR USD index, targeting companies engaged in cloud infrastructure, software-as-a-service and related digital platforms. The fund sits within the Equity Global Technology Morningstar category, with a fund size of $48.15 million, 3,076,947 units on issue and a management fee of 0.67 per cent.

Sector Composition

CLDD's technology weighting of 90.93 per cent matches its Morningstar category average precisely. Communication services makes up 3.97 per cent, slightly below the category's 5.01 per cent, while real estate accounts for 3.23 per cent, considerably above the category average of 0.04 per cent. Consumer cyclical contributes 1.86 per cent, above the category's 0.97 per cent, and the fund carries no exposure to industrials, financial services, healthcare, consumer defensive, energy or basic materials.

By market capitalisation, companies above $1 billion represent 65.42 per cent of the fund, below the category average of 89.88 per cent. Businesses in the $500 million to $1 billion range make up 18.93 per cent, well above the category's 8.58 per cent, while holdings under $500 million account for 15.65 per cent, compared with just 1.54 per cent for the category, indicating a portfolio weighted more heavily toward smaller companies than its peers. The asset mix is entirely equities, with no cash, bond or other exposure.

Top Holdings

CLDD holds 38 companies, with its top 10 positions accounting for 48.61 per cent of the fund. Datadog is the largest holding at 7.12 per cent, followed by Snowflake at 6.74 per cent and DigitalOcean Holdings at 5.89 per cent. Twilio holds a 5.04 per cent weighting, Cloudflare 4.32 per cent, Akamai Technologies 4.15 per cent, ServiceNow 4.06 per cent, Zscaler 3.90 per cent, Qualys 3.73 per cent and Workday 3.61 per cent.

Geographic Exposure

The United States accounts for 91.94 per cent of the fund's geographic exposure, above the category average of 78.66 per cent. Canada contributes 3.41 per cent, Sweden 2.29 per cent, China 2.11 per cent and Japan 0.25 per cent.

Distribution and Risk Metrics

CLDD reported a Beta of 1.47 and a Standard Deviation of 32.41. Distribution information on file relates to a final payment of $0.422 per unit with an ex-date of 1 July 2022, compared with $0.068 per unit in July 2021. No more recent distribution has been recorded for the fund. The fund's ISIN is AU0000133324.

Conclusion

Betashares Cloud Computing ETF (ASX:CLDD) offers exposure to a portfolio of technology companies operating across cloud infrastructure, data platforms and enterprise software, with a Market Capitalisation profile weighted more toward smaller and mid-sized businesses than its broader category. Distribution activity on record for the fund dates to 2022, with no more recent payment reflected in the available data.